Good advice, Cathy. I’ve recently switched to a proper accounts package and I am trying to be rigorous about tracking outgoings. You’re right – the results can be surprising.Sharon Hurley Hall recently posted..My Blogging Adventures 2012

Cathy- I read the post AND the comments.
Yes, it may not be your full time job- but if you don’t generate profits 3 out of 5 years, it is a very expensive hobby- since your revenue will be taxed, but your business expenses will be negated (under IRS regs). And, if it just a sideline- how do you know if you it’s not costing you money? (I have clients who show me their back of the envelope calculations demonstrating “profits” that miss so many of their expenses, I’m surprised their spouses have not shot them!)Roy A. Ackerman, Ph.D., E.A. recently posted..Removing Our Chametz